Leftist Millennial Gabriel Boric Wins Election As Chile’s Subsequent President
Workers contributed about three quarters of the time that they were employed. There was no important difference between employed women and men. More than 50 % of these surveyed had worked one hundred pc of the time and practically 25 p.c had not labored in any respect.
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The multifund law implemented in August 2002 requires every AFP to offer 4 different types of funds —called Funds B, C, D, and E—with various degrees of threat. AFPs may offer a Fund A with as a lot as eighty p.c of its property in equities. The 2002 law permits account holders to allocate their contributions between two different funds within one AFP, in no matter proportion they choose. Table 1 shows that the boundaries on funding for each type of fund range from 40 p.c to eighty percent of property in equities for Fund A to primarily mounted devices for Fund E. Account holders solely pay an administrative charge when they contribute to their account. In effect, the contributors are subsidizing the noncontributors.
